A power of attorney (POA) is a legal authorization giving the attorney-in-fact the authority to act on behalf of an individual. They may be given broad or limited authority to make decisions about the individual’s property, finances, investments, or medical care. Contrary to the name, the attorney-in-fact does not have to be a lawyer.
While there is no legal requirement that a Power of Attorney be prepared by a lawyer, however, it is wise to get legal advice before signing a complicated form. While it is possible to use someone’s online forms, they may not be appropriate for your situation. If you do not understand something in the form you should speak with a lawyer before signing it. Choosing who to appoint as your POA should be done carefully since they will have access to some or all of your property. Choose someone who you trust otherwise serious problems can arise such as them running away with your money. You will ordinarily be responsible for your POA’s actions, like it or not.
Have more questions? Wanting to get a Power of Attorney? Or just curious if you need one?
Contact a lawyer today to gain clarity on your situation.
Vincent F. Heuser, Jr.
3600 Goldsmith Lane
Louisville KY 40220
(502) 458-5879
https://heuserlawoffice.com
vheuser@heuserlawoffice.com
